Saba Capital Management, L.P. has made a notable move by acquiring an additional 56,083 shares of Ellsworth Growth & Income Fund Ltd. This acquisition, reported in a recent SEC filing, reflects Saba's growing confidence in the fund's potential.
On October 15, 2026, Saba reported this transaction, indicating that it purchased the shares at a price of $11.74 each. Following the transaction, Saba now holds a total of 1,744,630 shares in Ellsworth Growth & Income Fund.
Background
Saba Capital Management, L.P. is based in New York, Delaware, and operates as an investment management firm. The firm primarily focuses on managing assets for its clients, which include institutional investors and high-net-worth individuals. In recent filings, Saba has shown a pattern of increasing its holdings in various funds, indicating a strategic approach to portfolio management.
What the Filing Says
"Saba Capital Management, L.P. acquired 56,083 shares of Ellsworth Growth & Income Fund Ltd on October 14, 2026, at a price of $11.74 per share."
Impact
This acquisition may have implications for both Saba and Ellsworth Growth & Income Fund. For Saba, increasing its stake could enhance its influence over the fund's strategic decisions. For Ellsworth, having a significant institutional investor like Saba can bolster its market presence and attract further investments.
What's Next
The filing does not say what happens next.